Thread: Depreciation?
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Old 01-06-2011, 06:13 PM
newtodaycare22's Avatar
newtodaycare22 newtodaycare22 is offline Member
Join Date: Apr 2010
Location: Maryland
Posts: 664
Default Depreciation?

We put up a fence for daycare. MMK gives me the option of 15 year straight line depreciation, 15 year-150% declining, or other..

Can someone put this in English for me

Also, I bought a car (for daycare) for 6000. I only opened in August and my income is around 9000. With the other start up deductions...I'm obviously in the negative for income. Does that raise eyebrow for the IRS? Or no, since I'm a new business. Thanks!
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